Top Considerations for Accounts Payable Workflow Solutions
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Top Considerations for Accounts Payable Workflow Solutions

The course explores the differences between Accounts Payable Workflow and a Document Management system.
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3 students enrolled
Last updated 6/2017
English
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Current price: $10 Original price: $75 Discount: 87% off
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Includes:
  • 2 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Explore what an Accounts Payable (AP) Workflow system is and what it is not.
  • Discover how an Accounts Payable Workflow system can increase efficiency and improve compliance of company specific business rules.
  • Identify the basic functionality of an AP Workflow system as it relates to validating invoice data against Purchase Order (PO) details or coding and approval supplied by a user.
  • Discover what due diligence should be performed prior to selecting a tool or vendor.
  • Explore the steps to be taken for successful change management.
View Curriculum
Requirements
  • No advanced preparation or prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Description

What is Accounts Payable (AP) Workflow? How is it different from a Document Management system? The differences between the two are explored in this course.

Discover the different functionality AP Workflow systems can supply including Purchase Order validation, confirmation of account coding and compliance to company specific approval and other business rules.

In this accounts payable training you will learn what due diligence should be performed by the company to identify, and then record, requirements for an Accounts Payable Workflow system.

Discover who should be on the steering committee and project teams. And since an Accounts Payable Workflow tool is not just about Accounts Payable, this discussion will include the role of IT throughout the implementation process. We will also identify the groups of employees who will need access to the system and others who may benefit by being set up as users.

Change management is key in implementing any new system. Discover the steps needed to communicate such an implementation to vendors and to any employees who are involved in the Procure to Pay Work Stream, receive invoices directly from vendors today, or have invoice approval responsibilities. 

Who is the target audience?
  • Anyone interested in Accounting, Finance, or related fields.
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Curriculum For This Course
12 Lectures
01:57:31
+
Introduction
10 Lectures 01:57:26



The Invoice and Related Data
06:09

The Role of IT
06:46

How does it all work?
10:07

Business Rules, Dashboards and Reporting
04:53

Requirements to Consider
11:24

Challenges and Conclusion
08:51

What to Consider in an Accounts Payable Workflow Solution
58:40
+
Supporting Materials
2 Lectures 00:05
Slides: What to Consider in an Accounts Payable Workflow Solution
00:02

What to Consider in an Accounts Payable Workflow Solution Glossary/Index
00:02
+
REVIEW AND FINAL EXAM
0 Lectures 00:00

Review Questions: What to Consider in an Accounts Payable Workflow Solution

REVIEW QUESTIONS
5 questions

Final Exam: What to Consider in an Accounts Payable Workflow Solution

FINAL EXAM
8 questions
About the Instructor
Illumeo Learning
4.3 Average rating
75 Reviews
693 Students
175 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Anne Wheeler (Illumeo)
0.0 Average rating
0 Reviews
3 Students
8 Courses

I started CS Process Flows, LLC in April of 2016 after a 30+ year career working in various accounting areas. My career in accounts payable started when I was hired as a processor.  Then I worked my way through accounts receivable and general accounting before coming back to accounts payable as a manager.  The challenges presented in Accounts Payable and all of the exciting changes going on in this area over the last few years and into the future are my passion.

My experience includes building new AP operations, identiifying ineffecienies and  implementing solutions in existing teams and being involved with other areas of the Procure to Pay work stream.  I have success in establishing and strengthening relationships with team members within Procurement, IT, and other areas of finance when working on AP related projects and with management of outsourced delivery centers overseas. 

Needless to say, I have learned a lot and I want to share my knowledge with companies that may be just starting to explore some of the options now available. or simply what to improve their current operations.

My experience includes managing up to 25 AP staff members processing upwards of 30K invoices a month, so I am very aware of what it takes to manage transations. I have also managed the implementation of several different types of AP workflow systems over the years, a Concur Travel and Expense reporting system, different Corporate Card programs, including both Purchasing and T & E cards, and ACH payment programs.    My experience also includes a project to outsource check printing and the transition of 7 Tyco Business Units to an outsourced delivery center in India. 

I am an Accredited Payables Manager (APM). 

I hope by sharing what I have learned, I can help you.